to buy the remaining 49 per cent shareholding in their Joint Venture. Tata Marcopolo (officially Tata Marcopolo Motors Ltd.) is a bus and coach manufacturing company headquartered in Dharwad, India and a joint venture between Tata Motors and Marcopolo S.A. (Only the headline and picture of this report may have been reworked by the Business Standard staff the rest of the content is auto-generated from a syndicated feed. Tata Motors has announced entering into a share purchase agreement with Marcopolo S.A. However, Marcopolo decided to exit from the JV under its refreshed business strategy and offered to sell its 49 per cent shareholding in the JV to Tata Motors but agreed to continue to license the 'Marcopolo' trademarks to TMML for a minimum of three years with a non-compete provision in India for a corresponding period. The JV had manufacturing facilities in Dharwad and Lucknow for building bus bodies on chassis supplied by Tata Motors and marketed under the 'Starbus' and 'Starbus Ultra' bus brands. TATA Engine Layout: Diesel inline 6 Engine type: Turbo intercooled Engine capacity (cc) 5675 Power kw at r/Torque Nm at r/min 416 1400 1700 Emission norms: 697 TCIC (Euro 2) TRANSMISSION: Make / Model: GBS 40 Type Synchromesh Shift Manual No. ![]() The company has completed the procedural requirements under the share purchase agreement for acquiring the entire shareholding held by Marcopolo SA in Tata Marcopolo Motors Ltd (TMML), Tata Motors said in a regulatory filing.Ĭonsequently, TMML has become a wholly-owned subsidiary of the company from August 29, 2022, it added. Dharwad - email id & phone of 211 top management contacts like Founder, CEO, CFO, CMO, CTO, Marketing or HR or Finance head & all company details. In December 2020, Tata Motors and Marcopolo had entered into an agreement, under which the homegrown automaker agreed to purchase 49 per cent shareholding of its Brazilian partner for Rs 99.96 crore in the joint venture. ![]() ![]() Tata Motors on Tuesday said it has completed the acquisition of its partner Marcopolo's stake in their bus body manufacturing joint venture Tata Marcopolo Motors Ltd.
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